The Pure Theory Of Capital

Paperback | October 8, 2014

byF. A. HayekEditorLawrence H. WhiteIntroduction byLawrence H. White

not yet rated|write a review

The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available again for today’s students and economists to discover.

With a new introduction by Hayek expert Lawrence H. White, who firmly situates the book not only in historical and theoretical context but within Hayek’s own life and his struggle to complete the manuscript, this edition commemorates the celebrated scholar’s last major work in economics. Offering a detailed account of the equilibrium relationships between inputs and outputs in an economy, Hayek’s stated objective was to make capital theory—which had previously been devoted almost entirely to the explanation of interest rates—“useful for the analysis of the monetary phenomena of the real world.” His ambitious goal was nothing less than to develop a capital theory that could be fully integrated into the business cycle theory.

Pricing and Purchase Info

$59.65

In stock online
Ships free on orders over $25

From the Publisher

The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available again for today’s students and economists to discover...

F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism  in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg.L...

other books by F. A. Hayek

The Road to Serfdom: Text and Documents--The Definitive Edition
The Road to Serfdom: Text and Documents--The Definitive...

Paperback|Mar 30 2007

$21.58 online$22.50list price
The Constitution of Liberty: The Definitive Edition
The Constitution of Liberty: The Definitive Edition

Paperback|Apr 1 2011

$24.10 online$32.50list price(save 25%)
The Road to Serfdom
The Road to Serfdom

Audio Book (CD)|Jul 1 2010

$27.72 online$42.95list price(save 35%)
see all books by F. A. Hayek
Format:PaperbackDimensions:464 pages, 9 × 6 × 1.2 inPublished:October 8, 2014Publisher:University Of Chicago PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:022621558X

ISBN - 13:9780226215587

Customer Reviews of The Pure Theory Of Capital

Reviews

Extra Content

Table of Contents

Editorial Foreword, by Bruce Caldwell
Editor’s Acknowledgements, by Lawrence H. White
Editor’s Introduction, by Lawrence H. White
 
The Pure Theory of Capital
Preface
Table of Contents
Analytical Table of Contents
Text to The Pure Theory of Capital
 
Appendices
Guide to Terms
Bibliography
Index

Editorial Reviews

“If I had to single out the area in which Hayek's contributions were the most fundamental and pathbreaking, I would cast my vote for the theory of capital. . . . It is my sincere conviction that this work contains some of the most penetrating thoughts on the subject that have ever been published.”